Howard Marks is chairman of Oaktree Capital Management, the world's biggest distressed-debt investor. Marks has been running the firm with Bruce Karsh, also a billionaire, since they founded it in 1995. He had previously been chief investment officer at TCW and prior to that was an analyst in Citicorp. Marks is known for his highly regarded investor memos; a recent one was entitled, "The Lessons of Oil." He owns an apartment in one of Manhattan's most prestigious buildings, 740 Park Avenue, for which he paid $53 million. Among his neighbors: Blackstone's Stephen Schwarzman and the city's richest resident, David Koch. More »

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It appears that billionaire investor Howard Marks has just added a new pad to his property portfolio: an 8,800-square-foot Beverly Hills mansion that once belonged to the producer of “The Sonny and Cher Show.” He paid $23.7 million for the home, according to public records.

Hugh ‘Skip’ McGee, a former top Lehman Brothers investment banker who played a hand in some of the biggest oil and gas mergers over the past decade is forming a merchant banking firm to provide merger and restructuring advice and make equity and debt investments in the embattled energy sector. McGee’s firm, Intrepid Financial Partners, is read »

There’s something to be said about investing in stocks that have been battle-tested – more simply stated, it comes down to seeing a company take a financial punch and keep on going, or as the old Timex slogan went, “it takes a lick’n and keeps on tick’n.

There’s just no company that’s immune to risk. As Howard Marks wrote in The Mostread »

First a disclaimer for the hurried: this is not an opinion piece about how Russian society is better than Europe’s. It is not about how Europe is colluding with the U.S. to destroy innocent Russia, making them angelic by comparison. If that is a belief in which you are seeking validation, or should you believe Russia is the seat of all evilread »

Anything can be marketed – especially political candidates. As the political season starts ramping up, we are witnessing the beginning of what is sure to be a fast-paced, rapid-fire, marketing competition play out. Day-by-day, almost any candidate can be on top of the leader board with polling numbers shifting drastically. Imagine marketing a read »

When Dan Price announced that he was raising the minimum salary in his company to $70,000, it made a lot of headlines. The story of the founder and CEO of the Seattle-based credit card processor Gravity Payments drastically cutting his own salary in order to raise the standard of living of even his lowest paid employees was written about just read »

We’re still incredibly far away from the sixth season of Game of Thrones, but given that it’s currently starting to film, news about what comes next is beginning to leak. And today, there’s a bit of fantastic news from set that the show has brought on Deadwood alumni Ian McShane to take on an unspecified read »

Warner Bros./New Line/Time Warner Inc.’s new Vacation sequel/reboot was the only wide release daring to debut alongside Mission: Impossible Rogue Nation. The film opened on Wednesday with $3.8 million and earned another $2.5m on Thursday. As such, its $14.8m weekend brings its cume to $21.172m thus far. read »

Chinese corporations continue to grow bigger, according to this year’s list of Fortune Global 500 companies.

Ninety eight companies made it to the list, up from 92 last year, and 34 seven years ago; three companies continued to be in the top ten rank, beating the US and Japan—Sinopec Group (NYSE:SHI), China National read »

The content metrics you track should be influenced by your company goals. Simply put, you can’t half-ass this — many companies publish a handful of articles and give up when they don’t see a ton of leads flying through the door. read »

As hospital operators begin to report second period earnings — the sixth consecutive quarter of new revenue from once uninsured patients — the number and size of unpaid medical bills continues to fall thanks to the Affordable Care Act. The health law last year began to provide subsidized private health insurance coverage on public exchanges and read »